South Africa's Ascension Capital Partners strikes second bet from $83 mn fund
Ascension Capital Partners, a South Africa-based private equity firm that backs mid-sized high-growth businesses in the country has struck a second bet from its $83 million (1.5 billion South African Rand)-target fund, acquiring a payment profile hosting credit bureau. The Pretoria-headquartered PE firm acquired Consumer Profile Bureau (CPB), known for its ......
Pepperfry-backer Panthera Growth sets sight on $300 mn fund next year
Singapore-based Panthera Growth Partners (PGP), whose portfolion includes BigBasket, Pepperfry, and Zivame from its first two funds, plans to soon launch its third investment vehicle, at least two people aware of the matter told VCCircle. The growth-stage venture capital firm, which seeks to invest in technology, infrastructure, analytics, and software-as-a-service sectors ......
EQT-backed CitiusTech plans return to M&A street for European expansion
Healthtech firm CitiusTech is looking at possible acquisition targets to expand its business in Europe, as the company that counts Swedish private equity firm EQT as an investor returns to M&A street after a two-year gap. CitiusTech acquired one company each in 2020, 2021 and 2022 but went quiet thereafter as ......
Veefin Solutions to buy EpikIndifi in its third acquisition
Veefin Solutions Ltd, a supply chain fintech startup that listed on the BSE’s SME platform last year, has acquired digital lending platform EpikIndifi Softare & Solutions Pvt Ltd in its third acquisition in the last three months, a top executive told VCCircle. Veefin will pay in a mix of cash and ......
MENA Digest: Deal activity picks up with two big Series A funding
Fintech startups in the Middle East and North Africa region accelerated the dealmaking activity this week led by UAE’s Ziina and Saudi startup Malaa. The two raised double-digit Series A funding. Other startups that secured funding include Saudi SaaS provider Reachware, Tunisian cleantech player WattNow, HRtech startup Cercli, Also, Saudi-based unicorn ......
How Wipro Ventures’ startup, LP journey shaped up in FY24
Wipro Ventures, the corporate investment arm of software services giant Wipro Ltd, saw only a marginal increase in the value of its portfolio in the financial year 2023-24, even though it continued to invest in tech startups, as well as in other venture capital funds as a limited partner. Wipro’s VC arm saw its ......
Jhunjhunwala family-backed IKS Health may trim IPO size
IKS Health, a Mumbai-based healthtech platform majority owned by the late stock market investor Rakesh Jhunjhunwala’s Rare Enterprises, is contemplating a reduction in the size of its initial public offering (IPO), a person familiar with the matter told VCCircle. IKS Health, operated by Inventurus Knowledge Solutions Ltd, filed a draft red ......
Early-stage investor 35 North Ventures hits fundraising milestone in second outing
Mumbai-based 35 North Ventures, an early-stage investor that counts companies such as CloudTailor, SpeEdLabs, Dhybrid and Stupa Analytics in its portfolio, has hit the road to raise capital for a new fund, its second investment vehicle, and has already reched the first milestone. The India Discovery Fund-II, which follows 35 North’s ......
MENA Digest: Egyptian startups lead funding rounds this week
Egyptian startups propelled dealmaking activity in the Middle East and North Africa (MENA) region this week, with at least three tech-based firms securing funding. These include AI startup Synapse Analytics, B2B e-commerce platform Cartona, and edtech platform Educatly, which raised growth-stage funding to accelerate expansion. Meanwhile, Egypt’s first fintech unicorn MNT-Halan ......
South African VC HAVAÍC marks first close of third pan-Africa fund
HAVAÍC, a South African venture capital fund that backs early-stage, high-growth African tech startups, has marked the first close of its third Africa-focused fund, its largest outing so far. The Cape Town-headquartered VC firm raised $15 million as the first close of African Innovation Fund 3, facilitated by cornerstone investors Universum ......
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